The following information is extracted from Kobena Company’s records for Product A, Period 1;
Fixed cost
Fixed production overheads Fixed administration costs
rm45000
rm13000
There were no opening inventories at the beginning of the period.By referring to the information given for Product A, you are required to:i) Calculate the predetermined overheads absorption rate per unit basedon unit of production.ii) Calculate total production cost per unit.iii) The value of closing inventory in Ringgit Malaysia (RM).iv) Prepare Absorption Costing Statement of Profit and Loss for Period 1.
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